Virtual bank Mox Bank has begun offering spot cryptocurrency ETF trading services. Mox said in a press release on August 7 that it has become the first virtual bank in Hong Kong to provide such investment options for retail investors, and will launch various cryptocurrency ETFs permitted by Hong Kong regulations, including spot and derivative futures ETFs listed on Hong Kong and US exchanges, such as BTC and ETH.
To attract customers, the bank will charge a transaction fee of 0.12% of the transaction value for Hong Kong-listed ETFs and US-listed ETFs. Mox added that it will not charge any additional custody fees or management fees in addition to the fees charged by the asset management company that manages the specific ETF. (crypto.news)